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County20th of 149 in Georgia by approvalsFIPS 13245
SBA loans in Richmond County, Georgia
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Richmond County, Georgia, received 99 SBA loan approvals worth $90.5M in FY2021 to FY2025 (85 7(a), 14 504).
That is 23.1 approvals per 1,000 business establishments (4,279 establishments in 2023), below the Georgia figure of 39.2 and below the national 41.0.
It ranks 20th of 149 Georgia counties with approvals. In FY2025 there were 23, up 28% on FY2024.
39 lenders had approvals here; the most active were CSRA Local Development Corporation (13), Metro City Bank (6) and HomeTrust Bank (6). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Richmond County
By number of approvals to businesses in the county, FY2021–FY2025; 39 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | CSRA Local Development CorporationAugusta, GA · CDC | 13 | $14.4M | 13.1% | |
| 2 | Metro City BankDoraville, GA | 6 | $6.4M | 6.1% | |
| 3 | HomeTrust BankAsheville, NC | 6 | $5.5M | 6.1% | |
| 4 | The Huntington National BankColumbus, OH | 5 | $2.6M | 5.1% | |
| 5 | Security Federal BankAiken, SC | 5 | $1.6M | 5.1% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 5 | $1.1M | 5.1% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 4 | $5.4M | 4.0% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 4 | $1.4M | 4.0% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 4 | $1.0M | 4.0% | |
| 10 | First Bank of the LakeOsage Beach, MO | 3 | $5.1M | 3.0% | |
| 11 | Centerstone SBA Lending, Inc.Los Angeles, CA | 3 | $3.1M | 3.0% | |
| 12 | Northeast BankLewiston, ME | 3 | $338K | 3.0% | |
| 13 | GBankLas Vegas, NV | 2 | — | 2.0% | |
| 14 | PromiseOne BankDuluth, GA | 2 | — | 2.0% | |
| 15 | The Bancorp Bank National AssociationSioux Falls, SD | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 16.2% | |
| 2 | Traveler AccommodationNAICS 7211 | 10 | 10.1% | |
| 3 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 5.1% | |
| 4 | Gasoline StationsNAICS 4471 | 4 | 4.0% | |
| 5 | Gasoline StationsNAICS 4571 | 4 | 4.0% | |
| 6 | Health and Personal Care StoresNAICS 4461 | 3 | 3.0% | |
| 7 | Grocery StoresNAICS 4451 | 3 | 3.0% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 3.0% | |
| 9 | General Freight TruckingNAICS 4841 | 3 | 3.0% | |
| 10 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 28 | 28.3% | |
| 2 | Retail Trade | 22 | 22.2% | |
| 3 | Professional, Scientific, and Technical Services | 9 | 9.1% | |
| 4 | Other Services (except Public Administration) | 7 | 7.1% | |
| 5 | Construction | 5 | 5.1% | |
| 6 | Wholesale Trade | 5 | 5.1% | |
| 7 | Manufacturing | 5 | 5.1% | |
| 8 | Health Care and Social Assistance | 3 | 3.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 17 | $15.1M | $372K | 1 | — | 18 | 586 |
| FY2025 | 22 | $22.2M | $245K | 1 | — | 23 | 344 |
| FY2024 | 16 | $11.0M | $458K | 2 | — | 18 | 86 |
| FY2023 | 18 | $14.9M | $371K | 1 | — | 19 | 205 |
| FY2022 | 16 | $16.8M | $1.1M | 4 | $4.8M | 20 | 226 |
| FY2021 | 13 | $10.5M | $820K | 6 | $5.7M | 19 | 186 |
| FY2020 | 15 | $15.2M | $425K | 2 | — | 17 | 125 |
| FY2019 | 23 | $27.1M | $544K | 4 | $2.3M | 27 | 470 |
| FY2018 | 15 | $7.2M | $219K | 1 | — | 16 | 102 |
| FY2017 | 22 | $15.2M | $283K | 9 | $5.9M | 31 | 379 |
| FY2016 | 17 | $16.9M | $1.1M | 5 | $4.8M | 22 | 150 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 113 approvals.
Against Georgia and the country
| FY2021–FY2025 | Richmond County | Georgia | United States |
|---|---|---|---|
| Approvals | 99 | 10,246 | 342,825 |
| Approvals per 1,000 establishments | 23.1 | 39.2 | 41.0 |
| Median 7(a) approval | $520K | $350K | $190K |
| Median 504 approval | $991K | $820K | $657K |
| Average approval | $914K | $803K | $573K |
| 504 share of approvals | 14.1% | 10.1% | 11.0% |
| Jobs supported per approval, as reported | 10.6 | 11.4 | 10.5 |
| Share of state approvals | 1.0% | 100.0% | — |
Approval sizes
- $50,000 or less12.1%12
- $50,001 to $150,00013.1%13
- $150,001 to $350,00014.1%14
- $350,001 to $1 million24.2%24
- $1 million to $2 million28.3%28
- Over $2 million8.1%8
Age of the businesses
- Existing, more than 2 years old43.4%43
- New business, 2 years or less22.2%22
- Startup, loan funds will open the business21.2%21
- Change of ownership12.1%12
- Not answered1.0%1
Questions and answers
Which lenders make the most SBA loans in Richmond County?
By approvals in FY2021 to FY2025: CSRA Local Development Corporation (13), Metro City Bank (6), HomeTrust Bank (6), The Huntington National Bank (5), Security Federal Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Richmond County?
The median 7(a) approval was $520K and the median 504 approval $991K; the Georgia 7(a) median was $350K.
Which industries get the most SBA loans in Richmond County?
Restaurants and Other Eating Places (16); Traveler Accommodation (10); Beer, Wine, and Liquor Stores (5); Gasoline Stations (4); Gasoline Stations (4).
Is SBA lending in Richmond County rising?
Approvals in the three latest complete fiscal years total 60, against 56 in the three before: broadly level (+7%).
How does Richmond County compare with the rest of Georgia?
23.1 approvals per 1,000 establishments against 39.2 statewide, and 99 of the state's 10,246 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error